Cryptocurrency Review: Litecoin (LTC)

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Stability

Attacks: No attacks or potential attacks have been made public.

Algorithm: Litecoin’s SHA-256 algorithm has been time tested and is stable (November, 2018).

Marketplace Redundancy: Listed on multiple major exchanges, including Bittrex, BitMEX, Binance, CoinBase, Poloniex, Kraken and plenty of other exchanges.

Development

Communication: The developers at the Litecoin foundation are constantly improving Litecoin Core.

Community: There is a large-sized development community, who release a continuous flow of new and sometimes innovative products.

Deadline Completion

Timeline: No official roadmaps can be found.

Marketing

Communication: Spoke with their community manager, Ilir Gashi, via Twitter (April, 2019).

Social Media: Social media is continuously updated (April, 2019).

Website: Their website is completely custom and has a sleek appeal (April, 2019).

Adoption

Methodology: Primary adoption is being generated by consumers along with merchant services. There are additional merchants accepting Litecoin daily (directly and by proxy) which is helping accelerate Litecoin’s adoption rate and growth.

Graphical User Interface

Explorer: There is not an official Litecoin explorer, however, there are dozens of third party Litecoin explorers online. The most popular ones are Blockcypher and Cryptoid (April, 2019).

Wallet: The official Litecoin Wallet works excellent, functionality is nominal (May, 2019). Additionally, there are dozens of third-party (hardware) wallets such as Ledger and Trezor.

Market Supply

Premine: None

Current Market Supply: 61,909,401 LTC

Maximum Market Supply: 84,000,000 LTC

Additional Note #1: N/A

Date of Publication: May 1st, 2019

Price on Publication: 0.01389258 BTC / $74.25 USD

Revision Date: May 1st, 2019

Bottom Line: Invest

Base Framework: Bitcoin

Algorithm: SHA-256

Reassessment date: May 1st, 2020

Note: Reassessment date is not exact.
No reassessment will be made if current outlook remains the same.
If my monthly crypto check reveals anything of high regard, this review will be updated.

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